And it is STILL 149.48 above where is closed last Wednesday, August 14, the day the “inverted yield curve” was discovered by the enemedia.
Still, I wish POTUS would understand that a POTUS’ comments reach far and affect much. His China comments today had their reaction in today’s market. My portfolio lost $3750 today. And the Dow is down 630.
One other thing to worry about. Pres Trump has made these market damaging tweets several times in the last dix months. How long before the Dems accuse him of doing so yo affect the market prices allowing his friends, associates etc to sell esrly and then buy back more at a lower price and then do it all again. Crazy? Yes! But so are the Dem witch hunters.
No, the market (Dow) is down 200 points from August 14th and it is down from where it was a year ago.
The Democratic party and Biden had to be cheering today.
I am a Trump supporter but if he loses these sort of tweets will be a big part of the reason why-or actually the ones where he said, “ ‘Who is our bigger enemy,’ Fed Chairman Powell or Chinese President Xi? “
or “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA,” Mr. Trump tweeted. “I will be responding to China’s Tariffs this afternoon.”
Even ardent Trump supporters in business are questioning what the hell he is thinking. Talked to one of his biggest supporters today and he could only shake his head. Crash the market and then make fun of it. I get he never invested in the stock market but when people see their 401ks his approval will dip again.
I think he might listen to Ivanka and I hope and pray she gets in and talks to him
If the economy goes into a recession then Trump loses-no question-people on this board often think the US is like them-it is not , the real story is the increasing demographic or ethnic block voting for Dems- the block voting of African American’s (95% + for Dems+ and especially Hispanic Americans-approaching 70%,) At Least Hispanics don’t vote 90% dems
Just look at the states won by Trump,he won 32 states but only 4 have a population of Hispanic voters over 13%. Clinton by contrast won 28 states and only 5 had a Hispanic population of under 13%.
In CA, the Hispanic Population is now about 40% (and yes fueled by illegal immigrants and higher birth rate )and African American 12%.
This demographic shift and resulting voting trend is what is going on in early stages in Nevada, Az, Fl and now Texas. Colorado is now over 20% Hispanic and now a dem state, Nevada over 29% and voting solidly blue. I believe this is why the dems are for illegal immigration-it gets them votes and power.
But crashing the stock market only increases the chances for a recession and game over. So laugh it up if you want Biden as president . I don’t.
Ivanka talk to Dad please